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AutoMovers Group Unveils Rs 500-Crore Expansion Plan Amid Surging Demand
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News18•23-09-2026, 14:00
AutoMovers Group Unveils Rs 500-Crore Expansion Plan Amid Surging Demand
- •AutoMovers Group plans to invest Rs 500 crore over the next three years to expand and streamline its network, driven by rising customer demand.
- •The investment will focus on strengthening sales and service networks, expanding manufacturing capacity, and boosting inventory to over 2,000 vehicles.
- •Key areas for investment include Rs 150 crore for CapEx (new workshops/service centers), Rs 150 crore for inventory, and Rs 200 crore split between expanding the Lucknow trailer plant and maintaining working capital.
- •Expansion will begin in the Lucknow cluster, extending to cities like Kanpur, Varanasi, Gorakhpur, and the Noida corridor, with plans to increase service capacity to over 300 vehicles daily.
- •The company is also expanding its insurance operations across Uttar Pradesh, Rajasthan, Delhi, Punjab, and Bihar, aiming for Rs 1,000 crore annually by 2030.
Key Questions Answered
AutoMovers Group plans to invest Rs 500 crore over the next three years to expand and streamline its network. This investment has already kicked in from the first quarter of the financial year.
The company is allocating Rs 150 crore for CapEx to build new workshops and service centres, and another Rs 150 crore to boost inventory past 2,000 vehicles. The remaining Rs 200 crore is split equally between expanding its Lucknow trailer plant and maintaining a reserve for working capital and future growth.
AutoMovers Group plans to achieve Rs 200 crore worth of insurance business in the 2027-28 financial year. The company ultimately aims to grow this figure to Rs 1,000 crore annually by the year 2030.
